Faculty of Physical of Administration and Economics – University of Kerbala has discussed the M.A. thesis which is entitled “the impact of ownership structure, company size, and audit quality in producing high-quality financial statements.”
The thesis, entitled (The impact of the ownership structure, company size and audit quality in producing high quality financial statements – an applied study in a sample of commercial banks listed in Iraqi Stock Exchange) presented by Mortada Hassan Khalif Al-Ghanimi, includes several dimensions which are auditor’s turnover where it is given (1)) to rotate the auditor every three years and give the number (0) to auditing offices and companies that do not do this procedure. As for the joint audit, it was measured by giving the number (0) for the individual audit and giving the number (1) for the joint audit.
The aim of the study is measuring the impact of the ownership structure, company size, and audit quality on the production of high-quality financial statements for a sample of commercial banks listed on the Iraq Stock Exchange.
The study concludes that one of the factors that make the external auditor lose his objectivity and independence is the lack of professional skepticism in the audit process due to long period of time spent by the auditor in the same place.